New York City Townhouse Market Report

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1 New York City Townhouse Market Report First Half 2006

2 Townhouses prices rose throughout Manhattan over the past year, led by a 25% increase in the median price Downtown to $4,250,000. On the East Side, the median townhouse price was 10% higher than during the first half of 2005 led by a record setting $40 million sale on Fifth Avenue. The Northern Manhattan market continued to show strong growth, as its median price of $950,000 was 23% higher than a year ago. There were not enough West Side townhouse sales for a valid comparison. MANHATTAN Median Sales Price East Side Downtown Northern Manhattan 1st Half 05 $5,400,500 $3,400,000 $775,000 1st Half 06 $5,962,500 $4,250,000 $950,000 % Change 10% 25% 23% Median Price per Square Foot Median Square Footage $1,310 $1,447 $1,133 $952 $1,113 $1,135 $264 $321 4,208 4,227 3,486 3,345 3,090 3,141 $1,500 6,000 5,000 $1,200 4,000 $900 3,000 $600 2,000 $300 1,000 1st Half 05 1st Half 06 1st Half 05 1st Half 06 This report includes only 1-4 family dwellings without commercial space. Only closed sales where deeds have been recorded at the Office of the City Register, or sold by Terra Holdings are included in this analysis. 2 First Half 2006

3 EAST SIDE Generally 59th to 96th Street, Fifth Avenue to the East River Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator Between Fifth Ave. East 64th Street 5/22/06 $6,750,000 4,836 $1, x x N & Madison Ave. Between Madison Ave. East 65th Street 6/15/06 $15,772,324 12,326 $1, x x Y & Park Ave. East 80th Street 2/24/06 $9,960,000 5,205 $1, x x Y Between Park Ave. East 61st Street 4/7/06 $9,900,000 5,700 $1, x x Y & Lexington Ave. East 62nd Street 6/2/06 $5,325,000 3,693 $1, x x N East 63rd Street 1/27/06 $4,586,062 3,200 $1, x x N East 70th Street 3/28/06 $22,625,000 6,400 $3, x x Y East 78th Street 3/3/06 $8,500,000 4,816 $1, x x Y Between Lexington Ave. East 70th Street 1/6/06 $7,300,000 5,896 $1, x x N & Third Ave. East 71st Street 6/23/06 $9,500,000 6,545 $1, x x N East 74th Street 6/23/06 $6,550,000 3,600 $1, x x N East 82nd Street 1/24/06 $4,600,000 3,420 $1, x x N East 95th Street 1/20/06 $4,600,000 3,456 $1, x x N Between Third Ave. East 61st Street 4/17/06 $4,950,000 4,600 $1, x x N & Second Ave. East 62nd Street 1/20/06 $3,500,000 3,854 $ x x N Between Second Ave. East 69th Street 4/25/06 $5,375,000 2,880 $1, x x N & First Ave. East 69th Street 5/12/06 $2,800,000 2,160 $1, x x N East 69th Street 5/17/06 $3,150,000 2,880 $1, x x N Between 81st Fifth Avenue 3/22/06 $40,000,000 19,400 $2, x x Y & 82nd Street First Half

4 WEST SIDE Generally 59th to 110th Street, Hudson River to West of Fifth Avenue Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator Between Columbus Ave. West 85th Street 6/28/06 $2,950,000 3,740 $ x x N & Amsterdam Ave. West 95th Street 1/23/06 $2,563,000 2,660 $ x x N West 95th Street 1/18/06 $4,325,000 3,400 $1, x x N Between Broadway West 92nd Street 5/22/06 $5,200,000 3,240 $1, x x N & West End Ave. Between West End Ave. West 84th Street 1/12/06 $5,700,000 5,180 $1, x x N & Riverside Dr. MIDTOWN Generally 43rd Street to 58th Street Street/Avenue* Date Sold Price SqFt ** Price PSF Elevator Between Third Ave. East 48th Street 6/20/06 $7,000,000 3,772 $1, x x Y & Second Ave. Between First Ave. East 57th Street 2/24/06 $5,500,000 5,000 $1, x x N & Sutton Place 4 First Half 2006

5 DOWNTOWN South of 43rd Street Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator Chelsea West 15th Street 3/24/06 $4,850,000 5,200 $ x x N West 21st Street 3/9/06 $6,050,000 6,548 $ x x N West 24th Street 3/21/06 $4,250,000 3,500 $1, x x N West 24th Street 4/26/06 $3,820,000 3,360 $1, x x N East Village East 10th Street 3/31/06 $4,250,000 3,225 $1, x x N Gramercy Park East 26th Street 4/17/06 $2,465,000 3,080 $ x x N East 30th Street 4/24/06 $4,250,000 3,780 $1, x x N Second Avenue 1/24/06 $2,400,500 2,880 $ x x N Greenwich Village Washington Place 4/24/06 $5,500,000 4,636 $1, x x N West 10th Street 2/22/06 $5,300,000 5,470 $ x x N Lower East Side Broome Street 1/24/06 $2,800,000 2,872 $ x x N East Broadway 2/8/06 $3,120,000 3,100 $1, x x N Murray Hill/Kips Bay East 31st Street 5/9/06 $3,045,500 2,972 $1, x x Y East 35th Street 6/16/06 $6,550,000 8,000 $ x x Y East 35th Street 4/28/06 $3,475,000 3,920 $ x x N East 38th Street 4/14/06 $3,200,000 1,824 $1, x x N Noho Bleecker Street 5/30/06 $3,500,000 2,976 $1, x x N Nolita Spring Street 3/29/06 $2,300,000 2,070 $1, x x N Soho Thompson Street 1/19/06 $6,336,000 4,560 $1, x x Y Tribeca Reade Street 6/7/06 $7,700,000 6,800 $1, x x Y West Village Bank Street 6/15/06 $15,000,000 6,000 $2, x x N Bank Street 5/26/06 $12,000,000 14,920 $ x x Y Bedford Street 2/28/06 $5,600,000 1,512 $3, x x Y Charles Street 4/21/06 $4,400,000 2,880 $1, x x N Charles Street 5/15/06 $6,000,000 4,471 $1, x x N Perry Street 5/8/06 $6,950,000 2,660 $2, x x N West 11th Street 2/10/06 $3,500,000 3,345 $1, x x N West 11th Street 2/28/06 $3,500,000 1,350 $2, x x N West 12th Street 3/15/06 $7,300,000 3,624 $2, x x N West 12th Street 3/22/06 $3,995,000 1,803 $2, x x N First Half

6 NORTHERN MANHATTAN Generally North of 96th Street on the East Side, and 110th Street on the West Side Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator East Harlem East 116th Street 4/11/06 $1,500,000 3,672 $ x x N East 117th Street 3/16/06 $625,000 4,470 $ x x N East 118th Street 5/26/06 $825,000 2,960 $ x x N East 118th Street 1/9/06 $625,000 2,960 $ x x N East 126th Street 3/23/06 $950,000 2,934 $ x x N East 127th Street 3/2/06 $424,000 4,380 $97 17 x x N Hamilton Heights/ Convent Avenue 5/5/06 $2,200,000 5,756 $ x x N Sugar Hill Convent Avenue 3/15/06 $3,890,000 5,071 $ x x N Harlem Edgecombe Avenue 4/5/06 $507,500 3,744 $ x x N Fifth Avenue 6/1/06 $2,395,000 2,960 $ x x N West 119th Street 5/23/06 $925,000 4,680 $ x x N West 121st Street 5/16/06 $2,200,000 3,560 $ x x N West 121st Street 4/28/06 $1,795,000 3,712 $ x x N West 122nd Street 1/27/06 $1,425,000 3,600 $ x x N West 123rd Street 2/6/06 $1,364,750 3,840 $ x x N West 126th Street 2/3/06 $1,350,000 3,154 $ x x N West 126th Street 3/28/06 $680,000 2,548 $ x x N West 126th Street 2/24/06 $1,270,000 2,754 $ x x N West 129th Street 3/9/06 $1,250,000 2,064 $ x x N West 131st Street 6/15/06 $341,617 1,977 $ x x N West 131st Street 5/15/06 $701,000 3,128 $ x x N West 136th Street 1/19/06 $463,856 2,688 $ x x N West 136th Street 1/18/06 $504,048 2,625 $ x x N West 137th Street 4/21/06 $1,300,000 4,110 $ x x N 6 First Half 2006

7 NORTHERN MANHATTAN Generally North of 96th Street on the East Side, and 110th Street on the West Side Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator Harlem West 138th Street 2/1/06 $2,251,500 3,732 $ x x N West 139th Street 4/12/06 $800,000 2,886 $ x x N West 139th Street 6/14/06 $1,515,000 3,544 $ x x N West 140th Street 3/10/06 $1,300,000 3,000 $ x x N West 141st Street 4/6/06 $640,000 2,238 $ x x N West 146th Street 5/24/06 $1,824,175 4,000 $ x x N West 148th Street 4/11/06 $925,000 3,328 $ x x N West 148th Street 4/27/06 $820,000 2,646 $ x x N West 152nd Street 3/6/06 $1,775,000 2,925 $ x x N Inwood Adrian Avenue 1/27/06 $534,600 1,856 $ x x N Mount Morris Park West 123rd Street 2/15/06 $2,200,000 6,000 $ x x N Washington Heights Washington Terrace 1/20/06 $650,000 2,040 $ x x N Washington Terrace 5/12/06 $375,000 2,040 $ x x N West 158th Street 2/9/06 $1,650,000 3,416 $ x x N West 159th Street 5/9/06 $600,000 3,480 $ x x N West 162nd Street 3/29/06 $1,500,000 3,952 $ x x N West 173rd Street 4/14/06 $950,000 2,817 $ x x N First Half

8 BROOKLYN Street/Avenue * Date Sold Price SqFt ** Price PSF Brooklyn Heights Columbia Place 6/6/06 $1,800,000 1,820 $ x x Hicks Street 1/3/06 $4,350,000 3,880 $1, x x Joralemon Street 1/27/06 $2,400,000 3,192 $ x x Joralemon Street 3/13/06 $2,850,000 4,408 $ x x Middagh Street 5/5/06 $2,395,000 2,881 $ x x Orange Street 5/8/06 $2,275,000 2,840 $ x x Willow Street 6/9/06 $4,650,000 4,000 $1, x x Willow Street 2/15/06 $4,495,000 2,500 $1, x x Carroll Gardens 2nd Street 2/27/06 $975,000 1,020 $ x x rd Place 2/13/06 $1,545,000 3,600 $ x x rd Place 6/26/06 $1,360,000 1,952 $ x x rd Place 3/14/06 $1,730,000 2,500 $ x x Carroll Street 3/6/06 $2,450,000 4,020 $ x x Carroll Street 3/17/06 $999,000 2,280 $ x x Hoyt Street 3/16/06 $950,000 2,310 $ x x President Street 4/28/06 $1,605,000 2,500 $ x x President Street 2/28/06 $1,550,000 3,656 $ x x Sackett Street 6/8/06 $1,850,000 3,300 $ x x Sackett Street 6/5/06 $1,300,000 2,800 $ x x Sackett Street 5/24/06 $964,000 1,610 $ x x Union Street 5/1/06 $1,700,000 3,325 $ x x Union Street 4/25/06 $1,300,000 3,500 $ x x Union Street 4/25/06 $1,021,700 2,568 $ x x Union Street 3/14/06 $1,305,000 2,972 $ x x Union Street 1/3/06 $1,135,000 1,696 $ x x First Half 2006

9 BROOKLYN Street/Avenue * Date Sold Price SqFt ** Price PSF Cobble Hill Amity Street 2/27/06 $3,625,000 5,000 $ x x Baltic Street 6/9/06 $2,525,000 3,840 $ x x Baltic Street 3/13/06 $2,035,000 1,675 $1, x x Cheever Place 3/29/06 $1,130,000 2,488 $ x x Clinton Street 1/26/06 $1,762,500 2,704 $ x x Verandah Place 2/16/06 $2,200,000 2,070 $1, x x Warren Street 3/22/06 $1,500,000 1,696 $ x x Warren Street 4/26/06 $1,750,000 1,450 $1, x 21 n/a 2 1 Warren Street 2/17/06 $1,895,000 2,760 $ x x Park Slope 10th Street 4/7/06 $1,875,000 3,205 $ x x th Street 5/11/06 $1,045,000 1,626 $ x x th Street 1/5/06 $1,600,000 2,494 $ x x th Street 3/16/06 $2,250,000 4,054 $ x x th Street 3/9/06 $860,000 1,938 $ x x th Street 3/31/06 $930,000 1,938 $ x x th Street 1/9/06 $1,160,000 2,376 $ x x th Street 6/2/06 $690,000 1,500 $ x x th Street 1/31/06 $630,000 1,856 $ x x th Street 6/5/06 $950,000 1,416 $ x x th Street 4/25/06 $925,000 1,584 $ x x th Street 4/26/06 $950,000 1,764 $ x x th Street 2/17/06 $815,000 1,562 $ x x th Street 1/25/06 $945,000 2,208 $ x x th Street 3/7/06 $1,334,000 1,755 $ x x th Street 3/15/06 $989,000 1,404 $ x x th Street 5/17/06 $1,256,000 2,850 $ x x th Street 1/26/06 $612,500 1,125 $ x x th Street 1/11/06 $900,000 1,440 $ x x th Street 2/27/06 $999,000 1,920 $ x x th Street 4/10/06 $1,525,000 1,920 $ x x th Street 3/31/06 $902,000 2,160 $ x x th Street 3/21/06 $790,000 1,801 $ x x th Street 2/6/06 $1,300,000 2,750 $ x x th Street 6/16/06 $1,766,000 2,880 $ x x First Half

10 BROOKLYN Street/Avenue * Date Sold Price SqFt ** Price PSF Park Slope 15th Street 2/22/06 $799,000 2,160 $ x x th Street 3/16/06 $805,000 2,160 $ x x th Street 5/12/06 $860,000 2,046 $ x x th Street 1/17/06 $890,000 2,244 $ x x th Street 1/27/06 $999,999 1,100 $ x x th Street 3/28/06 $1,185,000 1,872 $ x x th Street 4/25/06 $750,000 1,680 $ x x th Street 2/28/06 $445, $ x x th Street 2/28/06 $435,000 1,060 $ x x th Street 6/26/06 $625,000 1,060 $ x x st Street 5/25/06 $2,100,000 3,928 $ x x st Street 2/10/06 $3,100,000 4,620 $ x x st Street 3/28/06 $3,100,000 4,720 $ x x st Street 2/8/06 $2,270,000 4,810 $ x x rd Street 6/19/06 $2,850,000 4,552 $ x x th Street 2/27/06 $1,600,000 2,688 $ x x th Street 3/9/06 $1,557,500 2,940 $ x x th Street 2/2/06 $1,925,000 3,106 $ x x th Street 6/26/06 $2,280,000 3,668 $ x x th Street 4/27/06 $1,596,750 2,085 $ x x th Avenue 6/5/06 $2,275,000 3,360 $ x x th Avenue 2/21/06 $2,860,000 3,720 $ x x th Avenue 1/25/06 $1,845,000 2,364 $ x x th Avenue 3/14/06 $1,490,000 1,644 $ x x th Avenue 6/23/06 $1,315,000 1,824 $ x x th Avenue 4/10/06 $1,200,000 1,824 $ x x th Avenue 3/21/06 $474,294 1,920 $ x x th Street 3/24/06 $1,600,000 1,920 $ x x th Street 4/24/06 $1,550,000 1,920 $ x x th Street 3/24/06 $1,389,000 1,920 $ x x th Street 1/17/06 $2,200,000 3,744 $ x x th Street 6/2/06 $2,225,000 4,080 $ x x th Street 2/10/06 $1,460,000 2,976 $ x x th Street 2/2/06 $1,675,000 2,781 $ x x th Street 4/28/06 $2,225,000 4,120 $ x x First Half 2006

11 BROOKLYN Street/Avenue * Date Sold Price SqFt ** Price PSF Park Slope 8th Avenue 2/1/06 $1,195,000 2,080 $ x x th Street 5/9/06 $769,450 1,810 $ x x th Street 5/16/06 $1,333,000 2,508 $ x x th Street 2/2/06 $1,375,000 2,511 $ x x th Street 4/7/06 $1,050,000 2,874 $ x x th Street 2/10/06 $960,000 2,874 $ x x Butler Street 4/28/06 $950,000 3,256 $ x x Carroll Street 4/21/06 $1,150,000 2,080 $ x x Dean Street 1/27/06 $1,600,000 4,560 $ x x DeGraw Street 2/14/06 $1,100,000 2,565 $ x x DeGraw Street 6/7/06 $1,200,000 3,072 $ x x Garfield Place 4/3/06 $1,750,000 3,096 $ x x Garfield Place 5/12/06 $1,715,000 2,940 $ x x Garfield Place 4/21/06 $2,290,000 3,600 $ x x Garfield Place 4/24/06 $2,300,000 3,480 $ x x Lincoln Place 2/2/06 $2,000,000 3,840 $ x x Prospect Place 2/16/06 $1,995,000 2,880 $ x x Prospect Place 4/12/06 $1,125,000 2,910 $ x x St Johns Place 2/22/06 $2,725,000 4,296 $ x x St Marks Place 1/10/06 $835,000 2,700 $ x x St Marks Place 3/1/06 $1,225,000 3,180 $ x x Prospect Heights Bergen Street 3/20/06 $1,200,000 1,914 $ x x Carlton Avenue 3/10/06 $1,500,154 3,084 $ x x Dean Street 5/4/06 $1,150,000 3,200 $ x x Dean Street 5/24/06 $820,000 2,520 $ x x Park Place 4/11/06 $1,600,000 2,208 $ x x Park Place 5/3/06 $1,050,000 3,260 $ x x Park Place 6/9/06 $1,100,000 3,316 $ x x Park Place 5/31/06 $1,525,000 3,316 $ x x Prospect Place 1/18/06 $680,000 2,160 $ x x St Marks Avenue 2/16/06 $950,000 2,250 $ x x St Marks Avenue 2/7/06 $950,500 3,600 $ x x Sterling Place 2/24/06 $803,400 4,000 $ x x First Half

12 Everywhere you are. EAST SIDE 655 Madison Avenue Hall F. Willkie, President Ruth McCoy Executive Vice President, Managing Director of Sales UPPER EAST SIDE 1121 Madison Avenue Peter Marra Executive Vice President, Managing Director of Sales WEST SIDE 1926 Broadway, Mezz. Jim Gricar Executive Vice President, Managing Director of Sales DOWNTOWN 2 Fifth Avenue 43 North Moore at Hudson Street Kevin Kovesci Executive Vice President, Managing Director of Sales BROOKLYN HEIGHTS 129 Montague Street Christopher Thomas Executive Vice President, Managing Director of Sales PARK SLOPE 100 Seventh Avenue MaryAnn Albano Executive Vice President, Managing Director of Sales NEW YORK CITY PALM BEACH THE HAMPTONS NORTH FORK BrownHarrisStevens.com fax

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